Power Africa, a five-year American presidential initiative launched by former President Barack Obama, has reportedly created 15 million new electrical connections bringing electricity to 70 million people.
A Chinese contractor, CGC Overseas Construction (CGC-OC) Group Ltd, has blamed electric power shortages for impeding the operations of the USD 339 million worth trans-boundary water project to pump potable water to neighboring Djibouti.
Taking the peaceful nuclear initiatives to a more practical stage, the Russian Federation has inked an intergovernmental nuclear deal with Ethiopia, where the latter will develop its own nuclear facilities in ten years’ time.
A Saudi Arabian firm, ACWA Power, has won a USD 300 million worth solar Public Venture (PV) contract, becoming the first private company to win a mega project under the Public Private Partnership (PPP), after the PPP Board of Ethiopia approved the bid summited by the firm.
Renewable Energy Solutions for Africa (RES4Africa) foundation has marked its seventh annual conference in Addis Ababa at Sheraton Hotel on July 19, 2019, making it the first time the conference is held in the African continent.
The power rationing program that started in April is thwarting the productivity of the cement industry.
The local cement manufacturing industry, which has been facing a myriad of challenges, has been hard hit by the power shedding program the state power monopoly, Ethiopian Electric and the Ministry of Water and Energy recently introduced.
In taking the privatization process further, the Ethiopian government has officially extended an offer to at least 12 global companies to submit financial and technical proposals in order to engage in the power production and operations.